Title
Subject: Pacific Renaissance Plaza Lawsuit Settlement
From: Community And Economic Development Agency
Recommendation: A Request To Withdraw An Item Already Scheduled To The April 26, 2011 Community And Economic Development Committee Agenda; With No New Date
Adopt A City Resolution Amending City Resolution No. 82505 C.M.S. And Adopt An Agency Resolution Amending Agency Resolution No. 2010-11 C.M.S. Authorizing Settlement Of The Pacific Renaissance Plaza Lawsuit To (1) Extend The Timeline For Repaying The City's Legal Costs By Twenty-Four Months, And (2) Modify Affordability Restrictions On Pacific Renaissance Units To Restrict Only The Initial Sale Of Units
Reason: To Allow Time For Additional Staff Research And Preparation Of Alternative Recommendations